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Dubai's Crypto Regulator Suspends BitOasis License for Failing to Meet Mandated Conditions

Dubai's cryptocurrency regulator, VARA, has suspended the license of BitOasis for failing to meet the required conditions within the specified timeframes. BitOasis was granted a conditional license on April 12, allowing it to operate if it met certain conditions within 30-60 days.

However, VARA did not disclose which conditions were not met. BitOasis will have to meet the conditions of its current license before it can apply for a Full Market Product license, according to VARA.

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